India’s GDP growth slipped to 5.3% in the third quarter

India’s GDP growth slipped to 5.3% in the third quarter (October ~ December 2008) of the financial year.

There were speculations that India would beat China in the third quarter where the latter initially clocked 6.8% GDP growth in the same time period. With that not happened, the message that could have been sent to the investor community that India being the fastest growing big economy didn’t materialize.